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24/01/2018 - 20:00hs

Mining sector’s exports climb 27%

The Ministry of Mines and Energy reported that foreign sales by the sector totaled USD 46.4 billion, and imports totaled USD 23 billion last year, which resulted in a USD 23.4 billion surplus, the highest in five years.

São Paulo – Exports by the mining sector totaled USD 46.4 billion last year, or 21.3% of the total of Brazilian shipments in 2017, reported the Ministry of Mines and Energy (MME) in a statement released this Wednesday (24). The data pertains to the whole sector, which included the extraction industry, except for oil and gas, and the mineral product manufacturing industry (steel industry, foundries, cements, ceramic, glass and others).

In 2016, the sector’s foreign sales totaled USD 36.6 billion. Thus, last year’s increase was of 26.7%.

Imports in 2017 totaled USD 23 billion, up 24% over the previous year. Thus, the mining sector ended the year with a surplus of USD 23.4 billion, up 30% in comparison to 2016 and the largest in five years.

According to the MME, the rise in the number of shipments and the recovery of the prices of iron ore contributed to the surplus improvement.

Mining was responsible for 51.7% of the sector’s exports, with USD 24 billion. The main exported item was iron ore, with 80% of shipments within the mining sector and 8.8% of the total of Brazilian exports. Last year, foreign sales of the product climbed 2.5% to 383.5 million tons.

For the Arab countries, exports of iron ore surged 54.5% in 2017, reaching USD 1.14 billion, according to data compiled by the Arab Brazilian Chamber of Commerce, based on the data by the Ministry of Industry, Foreign Trade and Services (MDIC). The product accounted for 8.3% of Brazilian shipments to the region. Oman, Egypt and Bahrain were the main buyers.

In 2017, mining’s total imports reached USD 7.8 billion, up 44% over 2016. According to the MME, last year, the country bought more metallurgical coal and potassium, and the price of the products also went up.

*Translated by Sérgio Kakitani

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